CandleFocus Is the Ethereum Foundation Selling Again? New Here’s the New Onchain Data
2024-09-09
Author: Content Editor
The Ethereum Foundation, as well as wallets associated with Vitalik Buterin, have been selling ETH in recent days. The Ethereum Foundation sold a total of 550 ETH for $1.28 million at an average price of $2,324. On the other hand, a wallet that received 3,800 ETH worth $10 million from Buterin has been selling consistently, selling 760 ETH for $1.83 million at a price of $2,414. The sales have sparked criticism of the Ethereum Foundation for lack of transparency. The foundation has explained that the sales were made for treasury management expenses.
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